The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry

UK supermarket chain Aldi has revealed plans to invest £3 billion in its British beef suppliers over the next five years.

Through the funding plan, Aldi hopes the investment will allow farmers to plan and provide security for beef supply chains across the UK.

£260 million of the funds will be made available to the supermarket’s supply partner Kepak through a five-year contract, investing in the Irish meat supplier’s Aberdeen Angus beef.

As well as boosting Aldi’s offering of British produce, the deal is set to enhance the quality and range of beef available to its customers in the UK.

Julie Ashfield, managing director of buying at Aldi UK, said: “As the UK’s largest British beef retailer, we’re proud of our long-term relationships with British farmers across the country. The UK farming community plays a vital role in our food supply chains – our continued investment in British beef is in recognition of this and means we can continue to provide the best quality British products for our customers.”

Similarly to Aldi's efforts, British supermarket Lidl has also committed to strengthening the beef industry. In July, Lidl unveiled plans to invest £1.5 billion in the British beef industry over the next five years and in April pledged £500 million to bolster the country’s pork sector.

This is the latest in a number of announcements from Aldi. In June, the supermarket unveiled a new €125 million five-year contract with Dawn Meats, boosting its beef supply and investing in the Irish beef sector. The month prior, it signed a new £750 million deal with AC Goatham & Son, a family-owned fruit farm based in Kent, UK. Earlier this year, in February, Aldi announced it was injecting £550 million to expand and improve its store and distribution network across the country.

#Aldi #UK #beef #Kepak